Yeah I'm new here. Seventeen years! I think you're the newby. Very little idea how it all works. I just have to laugh at your naievity. Absolutely no concept! Have a good night
I think there's only 61 DTAs, but they've been in force since the 1980s, so they've been applied since then. I really don't know where all this "proof" is coming from. I won't be filing a tax return in Thailand as I'm solely an Australian Tax Resident, so what "proof" is required. As with any country with self-assessment tax returns, no proof is required of anything unless audited. Tax has nothing to do with visa extensions. So many people use the embassy affidavit method, so many use agents (that'll be interesting - expats having to explain the 800k mysteriously appearing and disappearing in their bank accounts 😂😂). Sadly so many people have been sucked right into this (and from your posts I think you're one of them!). Nothing is going to happen. If you're silly enough to so desperately desire a Thai Tax ID - go for it! And file your return! I won't be doing either, and when the auditors come knocking (which they won't), with a flourish I'll produce the DTA with the relevant sections highlighted, and send them on their way!!
The OP didn't give enough background for a decent answer. I simply said that retaining tax residency in another country with a DTA could well mean a person isn't assessable in Thailand. Again, it depends on individual circumstances. In my case I'm intent on retaining Australian Tax Residency as losing it would be financially disastrous for me because of my investment strategies
Would the Thai Tax Office negative gear my investment properties? Would they refund me the thousands of dollars I get every year in dividend imputation from my share portfolio? Do Thailand give a 50% reduction in CGT? The tax free threshold in Thailand is 150,000 baht. In Australia it's the equivalent of 400,000 baht. I don't know who your financial advisor is, but if I was you I'd be dumping him!
Provided you retain Australian Tax Residency having investment properties in Australia is a brilliant strategy. There's negative gearing, tax-free threshold and a 50% reduction in CGT. Perhaps the people you know didn't have the necessary funds to invest in such a tax-effective system. Those that have bought in Thailand (as well as having a very poor investment) have no chance of avoiding taxes in Thailand. Them's the choices we make!! 👍
Correct. Every country has its own criteria for "tax residency" and the DTAs make the process clear for whichever jurisdiction applies. I spend around 240 days a year in Thailand on an "extended vacation" as I retain Australian Tax Residency and Australia has the claim in taxing my income, not Thailand
Correct. But if a person also meets the criteria for tax resident of another country, they become a "dual tax resident" in which case (depending on each individual's personal situation) the steps in the DTA are followed to determine exactly which country's tax regime is followed. Every individual is different.